---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-268856"
form_type: "8-K"
ticker: "DXPE"
cik: "0001020710"
company_name: "DXP ENTERPRISES INC"
filed_at: "2021-09-09T23:59:59+00:00"
generated_at: "2026-06-29T04:42:49.446207+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DXP restates financials; material weakness in internal controls over financial reporting discovered

## Summary
- Expects to reduce trade accounts payable by $8M-$12M and increase retained earnings by corresponding amount net of tax.
- Material weakness in internal control over financial reporting existed as of Dec 31, 2020; disclosure controls ineffective.
- Prior evaluation of disclosure controls and Moss Adams audit report dated March 18, 2021 can no longer be relied upon.
- Company revised purchase order three-way match process, added automation and clearance timetable for aged items.
- Will amend 2020 10-K and Q1 2021 10-Q; intends to file Q2 2021 10-Q promptly.

## SEC filing metadata
- accession: 0001193125-21-268856
- form_type: 8-K
- ticker: DXPE
- cik: 0001020710
- company_name: DXP ENTERPRISES INC
- filed_at: 2021-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1020710/000119312521268856/0001193125-21-268856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1020710/000119312521268856/d194810d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-268856
- JSON: https://secwatch.observer/filing/0001193125-21-268856.json
- Plain text: https://secwatch.observer/filing/0001193125-21-268856.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.